All Forum Posts by: Dominick Preyer

@Michael Dumler, Thanks for the response. I was under the understanding that this would be for an additional investment that would be non-owner occupied. I'll look into it more as planned. 

Can someone please shed light into the new law that past in November of 2023 around investment opportunities in multifamily units (1-4 units, not commercial) that say you'd be able to put down 5% instead of the past 15-25%? 

I am looking to invest into more multifamily units in the Atlanta area. 

Thank you in advance for your thoughts/responses. 

Thank you for the advice Devin and I will be reaching out. Thanks for leaving your response. 

Thanks Erik. 

Hello BP forum, I've been an entrepreneur for quite some years now without a job that has backed me allowing to get traditional funding. I'm looking to expand my investment reach into other cities like KS City (specifically Wyandotte county) , Pittsburgh (Allentown), and Alabama (Huntsville).

#1. With not having the job backing me I'm looking for knowledge of how to show consistent income and not just a lump sum of funds as I wonder if I'd get rejected if trying to buy properties. 

#2 Does anyone have knowledge of these areas I've mentioned above. For instance, are they growing areas with future upside, not looking to cash flow necessarily but gain appreciation over the next 4-5 years. 

Thanks for reading and would love to get your feedback! 

@Adam Peralto Welcome and congrats on your rental property. 

I agree with the others, there will be mistakes and I promise a million ways to go about a plan you set out to conquer, but that's the beauty about Real Estate. Take the time to write out YOUR personal goal and see it through. To many times in my own real estate journey I switched plans because others I admired in the game were doing something that I wasn't. It only set me back, so since then I've written out what it is I'd like to accomplish over the next 2-3 years and stuck to that. 

Take your time and don't rush the process and fend off the excitement of the "perfect" deal, more than likely it isn't that perfect if you aren't ready for it. 

Good luck my friend. 

@Brayden Hrycko would love to connect. 

@Jay Hinrichs Yes, processes are a must! Great advice. 

Thank you.

@Dani Murphy Great advice and thank you. I'll look into meetups and getting the right ppl around me to make these decisions.

Thanks again. 

@Jay Hinrichs Jay really appreciate your feedback. This really helps me put my plan together and gives me more insight.